Monetary policy and bank lending in developing countries: loan applications, rates, and real effects

Includes supplementary data: online appending

Detalhes bibliográficos
Autores: Abuka, Charles, Alinda, Ronnie K., Minoiu, Camelia, Peydró, José-Luis, Presbitero, Andrea F.
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2019
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:10230/43173
Acesso em linha:http://hdl.handle.net/10230/43173
http://dx.doi.org/10.1016/j.jdeveco.2019.03.004
Access Level:acceso abierto
Palavra-chave:Bank lending channel of monetary policy
Bank credit
Real effects
Credit register
Developing countries
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spelling Monetary policy and bank lending in developing countries: loan applications, rates, and real effectsAbuka, CharlesAlinda, Ronnie K.Minoiu, CameliaPeydró, José-LuisPresbitero, Andrea F.Bank lending channel of monetary policyBank creditReal effectsCredit registerDeveloping countriesIncludes supplementary data: online appendingRecent studies of monetary policy in developing countries document a weak bank lending channel based on aggregate data. In this paper, we bring new evidence using Uganda's supervisory credit register, with microdata on loan applications, volumes and rates, coupled with unanticipated variation in monetary policy. We show that a monetary contraction reduces bank credit supply—increasing loan application rejections and tightening loan volume and rates—especially for banks with more leverage and sovereign debt exposure. There are associated spillovers on inflation and economic activity—including construction permits and trade—and even social unrest.José-Luis Peydró acknowledges financial support from project ECO2015-68182-P (MINECO/FEDER, UE) and the European Research Council Grant (project 648398).Elsevier201920192019info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/10230/43173http://dx.doi.org/10.1016/j.jdeveco.2019.03.004reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésJournal of Development Economics. 2019 Jun;(139):185-202info:eu-repo/grantAgreement/ES/1PE/ECO2015-68182-Pinfo:eu-repo/grantAgreement/EC/H2020/648398Under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:recercat.cat:10230/431732026-05-29T05:05:01Z
dc.title.none.fl_str_mv Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
title Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
spellingShingle Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
Abuka, Charles
Bank lending channel of monetary policy
Bank credit
Real effects
Credit register
Developing countries
title_short Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
title_full Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
title_fullStr Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
title_full_unstemmed Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
title_sort Monetary policy and bank lending in developing countries: loan applications, rates, and real effects
dc.creator.none.fl_str_mv Abuka, Charles
Alinda, Ronnie K.
Minoiu, Camelia
Peydró, José-Luis
Presbitero, Andrea F.
author Abuka, Charles
author_facet Abuka, Charles
Alinda, Ronnie K.
Minoiu, Camelia
Peydró, José-Luis
Presbitero, Andrea F.
author_role author
author2 Alinda, Ronnie K.
Minoiu, Camelia
Peydró, José-Luis
Presbitero, Andrea F.
author2_role author
author
author
author
dc.subject.none.fl_str_mv Bank lending channel of monetary policy
Bank credit
Real effects
Credit register
Developing countries
topic Bank lending channel of monetary policy
Bank credit
Real effects
Credit register
Developing countries
description Includes supplementary data: online appending
publishDate 2019
dc.date.none.fl_str_mv 2019
2019
2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10230/43173
http://dx.doi.org/10.1016/j.jdeveco.2019.03.004
url http://hdl.handle.net/10230/43173
http://dx.doi.org/10.1016/j.jdeveco.2019.03.004
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Journal of Development Economics. 2019 Jun;(139):185-202
info:eu-repo/grantAgreement/ES/1PE/ECO2015-68182-P
info:eu-repo/grantAgreement/EC/H2020/648398
dc.rights.none.fl_str_mv Under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/
https://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/
https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812429

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